CBO: Obamacare Raises Taxes on Middle Class

“With every passing day, more evidence mounts that Obamacare is a costly disaster. Yesterday the CBO informed us that even more of the middle-class families who President Obama promised would see no tax increase will in fact see a massive tax increase thanks to Obamacare. The American people do not want this law, we cannot afford this law, and when Mitt Romney is president he will repeal it and replace it with common-sense, patient-centered reforms that strengthen our health care system.” – Amanda Henneberg, Romney Campaign Spokesperson

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Yesterday, The Congressional Budget Office Issued A Report Estimating That Obamacare Will Raise Taxes On Nearly Six Million Americans:

The Congressional Budget Office Estimates Nearly 6 Million Americans Will Get Hit With Obamacare’s Tax Increase.“Congressional budget analysts are now estimating that nearly 6 million Americans — most of them in the middle class — will have to pay a tax penalty for not getting health insurance once President Barack Obama’s health care law is fully in place.” (“Tax Penalty To Hit Nearly 6M Uninsured People,” The Associated Press, 9/19/12)

CBO’s Latest Estimate Found That 2 Million More Americans Would Experience A Tax Hike Because Of Obamacare.“The earlier estimate found 4 million people would be affected in 2016, when the penalty is fully in effect. The difference — 2 million people— represents a 50 percent increase.” (“Tax Penalty To Hit Nearly 6M Uninsured People,” The Associated Press, 9/19/12)

And It’s The Middle Class That Will Be Hurt By Obamacare’s Tax Hike – A Violation of President Obama’s Pledge To Not Raise Taxes On The Middle Class:

The CBO Analysis Found That “Nearly 80 Percent Of Those Who’ll Face The Penalty” Are In The Middle Class.“Nonetheless, in his first campaign for the White House, Obama pledged not to raise taxes on individuals making less than $200,000 a year and couples making less than $250,000. And the budget office analysis found that nearly 80 percent of those who’ll face the penalty would be making up to or less than five times the federal poverty level.” (“Tax Penalty To Hit Nearly 6M Uninsured People,” The Associated Press, 9/19/12)

In 2016, 4.7 Million Americans – Who Live In Families That Earn Up To $123,000 Per Year – Will Be Subjected To The Individual Mandate Tax In Obamacare. (“Payments Of Penalties For Being Uninsured Under The Affordable Care Act,” Congressional Budget Office, 9/12)

600,000 Americans – Who Live In Families That Earn Less Than The Federal Poverty Level Of $24,600 Per Year – Will Be Subjected To The Individual Mandate Tax In Obamacare. (“Payments Of Penalties For Being Uninsured Under The Affordable Care Act,” Congressional Budget Office, 9/12)

1.2 Million Americans – Who Live In Families That Earn Between $24,600 And $49,200 Per Year – Will Be Subjected To The Individual Mandate Tax In Obamacare. (“Payments Of Penalties For Being Uninsured Under The Affordable Care Act,” Congressional Budget Office, 9/12)

1.2 Million Americans – Who Live In Families That Earn Between $49,200 And $73,800 Per Year – Will Be Subjected To The Individual Mandate Tax In Obamacare. (“Payments Of Penalties For Being Uninsured Under The Affordable Care Act,” Congressional Budget Office, 9/12)

1.1 Million Americans – Who Live In Families That Earn Between $73,800 And $98,400 Per Year – Will Be Subjected To The Individual Mandate Tax In Obamacare. (“Payments Of Penalties For Being Uninsured Under The Affordable Care Act,” Congressional Budget Office, 9/12)

600,000 Americans – Who Live In Families That Earn Between $98,400 And $123,000 Per Year – Will Be Subjected To The Individual Mandate Tax In Obamacare. (“Payments Of Penalties For Being Uninsured Under The Affordable Care Act,” Congressional Budget Office, 9/12)

FLASHBACK: Candidate Obama, In 2008: “Under My Plan, No Family Making Less Than $250,000 Will See Their Taxes Increase … Not Any Of Your Taxes.” OBAMA: “And I can make a firm pledge: under my plan, no family making less than $250,000 will see their taxes increase – not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes..”(Senator Barack Obama, Remarks, Dover, NH, 8/12/08)

During Debates Over Obamacare, The Obama White House Emphasized That President Obama’s Middle-Class Tax Pledge “Didn’t Come With Caveats.” REPORTER: “The President’s opposition to tax increases for the middle income. Does that apply to the health care bill, and specifically to this idea about taxing health insurance premiums?” ROBERT GIBBS: “Taxing?” REPORTER: “Health insurance premiums.” GIBBS: “Well, I mean it’s — the statement didn’t come with caveats.” (Press Briefing By Press Secretary Robert Gibbs, Washington, D.C., 4/15/09)

About the AuthorRusty Weiss

Rusty Weiss is a freelance journalist focusing on the conservative movement and its political agenda. He has been writing conservatively charged articles for several years in the upstate New York area, and his writings have appeared in the Daily Caller, American Thinker, FoxNews.com, Big Government, the Times Union, and the Troy Record. He is also Editor of one of the top conservative blogs of 2012, the Mental Recession.